EXPENSE CONSTANT SUPPLEMENT
NAIC EXPENSE CONSTANT SUPPLEMENT
CALCULATION OF COMPANY LOSS COST MULTIPLIER
WITH EXPENSE CONSTANTS
(EFFECTIVE: March 31, 2008)
(This form must be provided ONLY when making a filing that includes an expense constant)
| |This filing transmittal is part of Company Tracking # | |
| |This filing corresponds to form filing number | |
| |(Company tracking number of form filing, if applicable) | |
Development of Expected Loss Ratio. (Attach exhibit detailing insurer expense
data and/or other supporting information.)
Selected Provisions
| | | |Overall |Variable |Fixed | |
|4. | | | | | | |
| |A. |Total Production Expense | | | |% |
| |B. |General Expense | | | |% |
| |C. |Taxes, License & Fees | | | |% |
| |D. |Underwriting Profit & Contingencies* | | | |% |
| |E. |Other (explain) | | | |% |
| |F. |TOTAL | | | |% |
| | |*Explain how investment income is taken into account. |
|5. |A. | Expected Loss Ratio: ELR = 100% - Overall 4F | |% |
| |B. | ELR in decimal form = 5A ELR in Decimal Form | |
| |C. | Variable Expected Loss Ratio: VELR=100% - Variable 4F | |% |
| |D. | VELR in Decimal Form = 5C VELR in Decimal Form = | |
|6. |A. |Formula Expense Constant: | |
| | |[(1.00 divided by 5B) – (1.00 divided by 5D)] times [Average Underlying Loss Cost] | |
| |B. |Formula Variable Loss Cost Multiplier | |
| | |(3B divided by 5D) | |
|7. |A. |Selected Expense Constant = | |
| |B. |Selected Variable Loss Cost Multiplier = | |
8. Explain any differences between 6 and 7:
| |
|9. |Rate level change for the coverage(s) to which this page applies | |% |
PC IRF
W:\Mar08\TF\Casualty Actuarial\03-31 LCM WC filing form.doc
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